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US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 1.90 points or 0.04 per cent higher at 4,449.60, Dow Jones Industrial Average Index dipped by 106.32 points or 0.30 per cent lower at 35,378.65, and the technology benchmark index Nasdaq Composite traded higher at 14,795.10, up by 30.00 points or 0.20 per cent against the previous day close (at the time of writing – 11:55 AM ET).
US Market News: The major indices of Wall Street traded on a mixed note after the release of jobless claims and inflation data. Among the gaining stocks, Palantir Technologies (PLTR) shares surged by about 12.93% after the Company’s quarterly top-line revenue and bottom-line profitability came out to be more than the consensus estimates. Sonos (SONO) shares rose by about 6.18% after the Company had delivered a surprise quarterly profit. CyberArk Software (CYBR) shares grew by about 5.82%, even after the Company’s quarterly earnings had missed the consensus estimates. Among the declining stocks, Bumble (BMBL) shares slipped by around 3.50% after the Company had reported a loss of 6 cents per share for the latest quarter.
UK Market News: The London markets traded on a mixed note after the release of various macroeconomic indicators. According to the latest figures from the Office for National Statistics, the UK GDP had shown a quarter-on-quarter growth of around 4.80% during the second quarter of 2021. Moreover, the UK manufacturing production grew by around 13.90% on a year-to-year basis during June 2021.
Stock Spirits Group PLC shares rose by about 43.66% after the Company updated regarding the recommended cash offer from CVC Funds to acquire the Company at approximately £767 million on a fully diluted basis.
FTSE 100 listed Aviva shares went up by around 3.91% after the Company had achieved a robust growth of about 17% in the adjusted interim profit. Furthermore, the Company had decided to return 4 billion pounds to the shareholders over the next one year.
Cineworld had reported an encouraging trading performance since the reopening of cinemas. Moreover, the shares jumped by around 5.75%.
TUI AG shares went down by around 1.44% after the Company’s sales went down by approximately 80% during the first nine months of FY21.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 12 August 2021)
1 Year FTSE 100 Chart (Source: Refinitiv)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Vodafone Group Plc (VOD); BP Plc (BP.).
Top 3 Sectors traded in green*: Healthcare (+0.97%), Industrials (+0.18%) and Technology (+0.13%).
Top 3 Sectors traded in red*: Basic Materials (-2.24%), Energy (-1.66%) and Real Estate (-0.82%).
London Stock Exchange: Stocks Performance (at the time of writing)
Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at $71.39/barrel and $69.14/barrel, respectively.
Gold Price*: Gold price was quoting at US$ 1,753.20 per ounce, down by 0.01% against the prior day closing.
Currency Rates*: GBP to USD: 1.3807; EUR to GBP: 0.8500.
Bond Yields*: US 10-Year Treasury yield: 1.361%; UK 10-Year Government Bond yield: 0.6115%.
*At the time of writing
